The cryptocurrency world has changed the way Smart Contract Chain think about crowdfunding and early-stage investment. Just a few years ago, startup funding involved rigorous screening processes by venture capitalists; today, companies raise tens of millions of dollars.
Smart Contract ChainIt’s a great time to raise money, but for investors this comes with increased risk. The regulation-free environment of token sales means that in the event of a mismanagement of funds, early investors have few legal options to turn to in order to recover funds or influence a company’s business strategy.
Smart Contract Chain
Token sale start
15th of October
30th of December
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That’s why SmartContractChain is building a platform that will harness the best of both worlds, providing entrepreneurs and creatives with access to funds, while guaranteeing the security of investors’ money.
Smart Contract Chain will leverage not only the power of cryptocurrency for rapid fund distribution but also tap into the logical and provably transparent nature of smart contracts to ensure that dividends are assigned to investors in an auditable, immutable manner, all delivered across the stable and scalable Ethereum blockchain.
Things to be aware of Smart Contract Chain
Not all nations are legally permitted to participate in crowdfunding platforms and if a creator has his or country in the list of registered countries, then they face the additional burden of having to find investors from that country itself since these platforms do not facilitate cross-border investments.
Commissions and Charges
Crowdfunding platforms are not cheap as many platforms could charge even as high as 20% of the raised fund as their commission which leaves creators with significantly lower funds for their actual operational purposes.
History of Failed Projects
Because of the rising number of failed projects or projects that could not yet prove their maturity and returns on investments, investors and backers become hesitant to invest in new projects listed on the platform.
Lowered PR Attention
There isn’t much of a marketing budget or strategy used in crowdfunding that carries the message of a start-up to potential investors. This prevents a free flow of investment because investors do not have clarity on how great the project is or what big a potential they have with the right funds to operate.
How Scc Platform Works
SCC platform provides a clear path toward safe, reliable investment and campaign development. The use existing best practices in the crowdfunding space as well as Blockchain-supported transparency to create a clear process. Each participant in any project has the visibility they need to feel safe about each project.
The Underlying Technology
The Blockchain technology and smart contracts allow solving this problem where the legal system has issues. This opens a new way to organize crowd investing campaigns for a global the audience, regardless of their place of residence, nationality and other obstacles as long as the terms and condition of the start-up are acceptable to all.
Smart Contract Chain unique
None of the existing crowdfunding platforms currently allow creators to conduct crowd investing campaigns. This is because there is no legal structure that allows multiple backers, with many dierent countries, to become beneficiaries of a startup. SCC platform facilitates cross-border investments on start-ups that wish to expand globally.
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One of Coinworldstory's longest-tenured contributors, and now one of our news,ico,hyip editors, Verna has authored over 6900+ stories for the site. When not writing or editing, He likes to play basketball, play guitar or visit remote places. Verna, to his regret, holds a very small amount of digital currencies.